Cairnhill Nine has attracted attention long before CapitaLand started selling. 60% of it was already booked on 11th March 2016, one day before the actual launch of the project.
These are the number of reasons why it was a phenomenal success:
First, it has ridiculously low price for its great location. It is located within Orchard Road. It’s in the area near some of the famous shopping malls in Singapore such as Paragon, Lucky Plaza, and Heeren. Then there’s even a covered walkway leading to Paragon. It is only a walking distance from the Orchard Road MRT station, and practically next to Mount Elizabeth Hospital.
The second one is that there are a lot of landlords that are eager to move into District 9 or 10 properties and that others feel it is a reliable investment for the long term. Rental rates that are in the heart of Singapore are not likely to be low for a long time, regardless of the current situation.
And the last reason is because of the development’s price and location. Cairnhill Nine really stood out from other launches within the area. There also comes at a time when there are few new launches in the Orchard Road that made a little competition for Cairnhill Nine making it predictable how quickly it sold out.